The university issued a statement saying, "In order to preserve the interests of the university, based on the powers vested in the Board of Trustees and the university administration, the Islamic University announces the closure of the university and the suspension of academic and administrative work from Wednesday morning until further notice."
The Islamic University has faced a severe financial crisis in recent years which forced the university to raise fees and take some austerity measures.
Hamas has used the Islamic University for storing weapons, for holding Gilad Shalit, for planning attacks and for acting as a safehouse for terrorists including Yahya Ayyash, "the Engineer."
It is also where Hamas did its research and development of rockets and explosives. Hamas recruited a young woman to build suicide bomb belts and to teach others how to build bombs at this university. Its researchers have issued anti-semitic papers.
Yet UNESCO funds this terror university.